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Atlanta Braves Sputter in Stock Market Amid a March Toward World Series

Atlanta Braves Sputter in Stock Market Amid a March Toward World Series

(Bloomberg) — The Atlanta Braves are on a big winning streak. But the company that owns the team isn’t faring as well in the stock market as the baseball club is on the field.

With the global pandemic necessitating a shortened baseball season that saw fans outlawed from attending games in person, shares of Liberty Media Corp.’s baseball assets, commonly known as Liberty Braves, remain about 27% lower than their pre-pandemic high. Second-quarter revenue fell by 95% due to the loss of games and the restriction on fans.

Still a group of investors, spurred on by the recent sale of the New York Mets and the spread of legalized sports gambling, see the potential for a windfall profit.



Liberty Braves shares have yet to recover from pandemic plummet


© Bloomberg
Liberty Braves shares have yet to recover from pandemic plummet

Investors like Hawk Ridge Capital Management and Shapiro Capital Management were lapping up shares even while the fate of the baseball season was still up in the air.

“We don’t think there’s any permanent impairment to the value of sports franchises,” said Hawk Ridge founder David Brown. “That view is bolstered by the recent transaction with the Mets and the Red Sox rumor.”

The Mets are set to be sold to hedge fund titan Steve Cohen in a deal that values the franchise at a record $2.42 billion. Fenway Sports Group, which owns the Boston Red Sox, is reported to be in talks with RedBall Acquisition Corp. to go public through a merger that would value its holdings, which also include Liverpool Football Club, at a valuation of $8 billion, including debt.

Brown also cited the uptick in sports gambling and the opportunity for the Braves to strike a more lucrative television deal once their current agreement with Sinclair Broadcasting ends in 2027 as reasons for buying the stock.

Hawk

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Global Glass Bottle Packaging Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2020-2024

Global Glass Bottle Packaging Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2020-2024

The Global Glass Bottle Packaging market will register an incremental spend of about $13 billion, growing at a CAGR of 4.19% during the five-year forecast period. A targeted strategic approach to Global Glass Bottle Packaging sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005376/en/

SpendEdge has announced the release of its Global Glass Bottle Packaging Market Procurement Intelligence Report (Graphic: Business Wire)

Key benefits to buy this report:

  • What are the market dynamics?

  • What are the key market trends?

  • What are the category growth drivers?

  • What are the constraints on category growth?

  • Who are the suppliers in this market?

  • What are the demand-supply shifts?

  • What are the major category requirements?

  • What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Global Glass Bottle Packaging market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Global Glass Bottle Packaging market. The report also aids buyers with relevant Global Glass Bottle Packaging pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot

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Global Managed Security Services Market Procurement Intelligence Report With COVID-19 Impact Analysis

Global Managed Security Services Market Procurement Intelligence Report With COVID-19 Impact Analysis

The Global Managed Security Services market will register an incremental spend of about $19 billion, growing at a CAGR of 11.24% during the five-year forecast period. A targeted strategic approach to Global Managed Security Services sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005382/en/

SpendEdge has announced the release of its Global Managed Security Services Market Procurement Intelligence Report (Graphic: Business Wire)

Key benefits to buy this report:

  • What are the market dynamics?

  • What are the key market trends?

  • What are the category growth drivers?

  • What are the constraints on category growth?

  • Who are the suppliers in this market?

  • What are the demand-supply shifts?

  • What are the major category requirements?

  • What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Global Managed Security Services market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Global Managed Security Services market. The report also aids buyers with relevant Global Managed Security Services pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot

Read the rest
The stock market is sending signals that a Biden-led blue wave is getting less certain, says one Wall Street strategist

The stock market is sending signals that a Biden-led blue wave is getting less certain, says one Wall Street strategist

trump biden


  • While the polls suggest a blue wave victory is in reach for Democrats this November, the stock market isn’t so sure, according to a note from Evercore ISI.
  • Wall Street strategists have been forecasting that a blue wave would likely be positive for stocks on hopes of a large stimulus deal shortly after the election, which would help spur a surge in value and cyclical stocks.
  • But this week’s rotation out of value and into tech suggests that chances of a blue wave in November are less likely, according to the note.
  • Visit Business Insider’s homepage for more stories.

Wall Street is increasingly expecting a blue wave victory for Democrats this November after the polls close, which would likely lead to the reflation trade: a surge in cyclical and value stocks at the expense of technology and growth stocks.

But recent trading activity in the stock market suggests odds of a blue wave are less likely, according to a Tuesday note from Evercore ISI. 

Specifically, this week’s rotation out of small cap and value and into large cap and growth could be chalked up to declining odds of a Democratic sweep, according to the note.

The firm pointed to the October surprise in North Carolina’s Senate race between Republican Thom Tillis and Democrat Cal Cunningham as evidence for declining chances of Democrats overtaking the Senate.

“The Democratic ‘dream fiscal program’ odds are lower,” Evercore said as explanation for what is driving the rotation back into tech.

Read more: Jeff James has crushed the market this year thanks to a stock pick that’s soared 1,155%. He shares another bet he expects to deliver similar returns – and lays out 3 additional opportunities in tech.

The firm did concede that other factors could be moving tech stocks, including excitement

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5 Best Stories on Real Money: Beating Covid, Market Bubble

5 Best Stories on Real Money: Beating Covid, Market Bubble

Quiz: What’s one advantage the president has that the market does not?

Answer: He can get a doctor’s note telling you everything is wonderful. 

But investors? They’re left on their own, left trying to forecast when a stimulus bill will land, left watching every vaccine trial to spot a winner, left waiting up at night for earnings reports, and left tracking technical indicators for clues about what’s churning underneath the surface. 

Fortunately, investors do, however, have experts who can guide them. Helping us get through this messy, mucky October are Real Money and Real Money Pro writers Jim Cramer, Paul Price, Maleeha Bengali, Alex Frew McMillan, and Jim Collins.

Jim Cramer: Let’s Beat Covid-19

Cramer lays out what is happening right now to get the pandemic under control and what it will look like not that long from now — even before a vaccine is available.

Here’s the tests and therapies that Cramer contends will change the channel on the Covid outlook.

Price: Give Stocks a Second Chance 

Few stocks go up in straight-line moves. Instead, writes Price, most tend to spurt higher, tail off, then rise again. While the interim selloffs often shake out traders who mainly trade on momentum, plus those who fail to understand the companies’ true worth, there’s still opportunity awaiting for those willing to give second chances.

See how Price would play a select group of stocks — even following their earlier rebounds from March’s lows.

Jim Collins: There’s Trouble in Bubbleland 

We are in the midst of a unprecedented financial bubble, writes Collins. Will a recovery from the Covid-19 lockdowns ease the bubble before it bursts in our faces?

Read why Collins isn’t holding his breath, and how the situation could play out for insurers and others. 

Bengali: It’s Value Vs. Growth. Pick One.

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